The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended UDF Income Fund V to investors.
United Development Funding Income Fund V (a/k/a UDF Income Fund V) is a non-traded REIT sponsored by United Development Funding in Grapevine, Texas. UDF Income Fund V is a real estate investment that invests in secured loans and residential real estate, according to its website.
In February 2016, the FBI raided United Development Funding’s offices in Grapevine, Texas investigating allegations of a possible Ponzi scheme.
On May 15, 2018, United Development Funding Income Fund V announced that they will be unable to file their next 10-Q by the deadline required by the SEC. The company has not filed a quarterly report since 2015.
The White Law Group has received numerous calls from investors who have suffered losses investing in UDF funds. The firm continues to investigate potential claims in all of the UDF offerings such as UDF Income Fund V.
Unfortunately for investors, some brokers will represent Real Estate Investment Trusts REITs and limited partnerships as “safe” investments.
In general, limited partnerships and REITs lack liquidity and are inherently risky. These types of products are sophisticated complex investments that are better suited for institutional investors or investors who can afford total loss of their capital investment.
If a broker-dealer makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA arbitration.
If you have suffered losses investing in UDF Income Fund V or another UDF offering, please contact The White Law Group at 888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm, visit www.WhiteSecuritiesLaw.com.